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"Is early retirement the right financial choice?" Jim Ellis discusses long-term financial growth strategies. I have blogged a...

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Saizen REIT: Insider moves and divestment of Aistage Ushita Minami.

Sunday, February 27, 2011

Catching up on my reading:

1. 21 Feb: Somerset Holdings Limited (SHL) converted 206,800 warrants into new units. 601,600 units held after the change. Mr. Dennis Lam Siu Sun, a director of the REIT, is the beneficial holder of more than 20% of the issued share capital of SHL.

2. 25 Feb: Divestment of Aistage Ushita Minami for a cash consideration of JPY 270,000,000 (S$4.2 million). Location: Hiroshima.  Built in August 2006, comprises 32 residential units and 7 parking lots. Sale price is a premium of approximately 0.7% to valuation.


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